Any upside bounce up to 11,350-11,400 could be a sell on rise opportunity in the market, Nagaraj Shetti of HDFC Securities said. The market snapped six-day losing streak and rebounded sharply to close above 11,000 on the Nifty with more than 2 percent gains on September 25, the first day of October series. The reports of likely stimulus package from government ahead of festive season lifted sentiment. The BSE Sensex surged 835.06 points or 2.28 percent to 37,388.66, driven by rally across sectors. The Nifty50 climbed 244.80 points or 2.27 percent to 11,050.30 and formed bullish candle on the daily charts, but lost 4 percent for the week and witnessed bearish candle formation on the weekly scale. "The larger up move as per the positive sequence of higher tops and bottoms has been broken recently and Nifty shifted into a downward corrective action by the way of lower tops and bottoms in the last couple of weeks. Hence, last Thursday's low of 10,790 could be considered as a new l...
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